In the past hour, institutional investors and smart money have injected significant capital into ai16z, spending $2 million worth of $GRIFFAIN and 5,680 $WSOL to acquire an additional 3.09 million ai16z tokens.

The purchase, valued at $2.62 million, came at an average cost of $0.8482.

The wallet address DJnHz…2TUUz currently holds a staggering 18.7 million ai16z tokens, valued at $15.83 million. This holding represents 1.7% of the token’s total supply, acquired at an average cost of $0.4805. With the token’s current price, the address boasts an impressive floating profit of $6.9 million. Notably, this makes it one of the top seven largest ai16z holders.

Yesterday, this same wallet made a significant move, spending 12,999 SOL (approximately $2.57 million) to increase its position by 2.86 million ai16z tokens at an average price of $0.8982. This recent activity is part of a broader accumulation strategy. Between November 28 and December 10, the address amassed 12.74 million ai16z tokens before transferring them to another wallet.

These strategic moves highlight the growing interest in ai16z among institutional players and high-net-worth investors. With substantial profits already realized and a dominant share of the token’s supply under control, this address is clearly positioning itself to benefit from any future price appreciation.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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